UK Insurers Face Looming Brexit Deadline to Move Contracts with EU Clients August 30, 2017 By Huw Jones and Carolyn Cohn Insurers in Britain face crunchtime within weeks if the government and the European Union do not allow millions of cross-border...
Banks Seek More Insurance Protection Against Cyber Attacks, Rogue Traders August 30, 2017 By Carolyn Cohn Banks are increasingly turning to insurance to protect their capital from “operational risks” like cyber attacks and rogue traders, and...
Fidelis Names Novae’s Burford as Chairman of Specialised Risks in London August 30, 2017 Fidelis Insurance announced that Ian Burford will join the London underwriting team as chairman of Specialised Risks, effective Sept. 4,...
Toyota Makes Strategic Investment in Grab, SE Asia’s Leading Ride-Sharing Firm August 30, 2017 By Kevin Buckland Toyota Motor Corp. is pushing deeper into the ride-sharing business. The Japanese carmaker is making a strategic investment in Grab,...
AXIS Capital’s $611.5M Acquisition of Novae Approved in Shareholder Vote August 29, 2017 AXIS Capital Holdings Ltd. announced that shareholders of Novae Group have approved the company’s acquisition by AXIS. Approximately 99.97 percent...
IGI Appoints Jabsheh as Executive Director, IGI UK, in Expanded Company Role August 29, 2017 International General Insurance Holdings Ltd. (IGI), the specialist commercial insurer and reinsurer, has announced the appointment of Waleed Jabsheh as...
Insurers Will Easily Swallow Harvey’s Claims but Growing Climate Risk Predicted August 29, 2017 By Tom Sims Damages from Hurricane Harvey’s ravaging of Houston and the Texas Gulf Coast are estimated to be well below those from...
Schwarzenegger to Raise Awareness of UK’s Payment Protection Insurance Scandal August 29, 2017 By Lawrence White and Huw Jones The animatronic head of actor and former California Governor Arnold Schwarzenegger mounted on tank tracks urges consumers to “make a...
Uber Provides Free Accident Insurance for More Than 450,000 Indian Drivers August 29, 2017 By Saritha Rai Uber Technologies Inc. rolled out a free insurance program for more than 450,000 drivers registered on its ride-hailing app in...
Lloyd’s Insurers’ Stocks Fall on Possible Claims from Hurricane Harvey August 29, 2017 By Lukanyo Mnyanda Lloyd’s of London insurers dropped amid speculation that they will suffer losses from Tropical Storm Harvey that’s battering Houston, the...